If users don't like the changes, they won't adopt them, whereas if users do like them, then these will help everyone equally. Thats the gist of proof-of-work. Is mining used for some useful computation?

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Its first recorded price was in 2010. Technically, Bitcoin was worth 0 in 2009 during its very first year of existence! What fueled the cryptocurrency craze, why Wall Street is joining the party, and whether the. Bitcoin bubble will pop. Billy Bambrough, Contributor I write about how bitcoin, crypto, and fintech are changing the world.